While Shareholders of Ashland (NYSE:ASH) Are in the Red Over the Last Year, Underlying Earnings Have Actually Grown
While Shareholders of Ashland (NYSE:ASH) Are in the Red Over the Last Year, Underlying Earnings Have Actually Grown
Passive investing in an index fund is a good way to ensure your own returns roughly match the overall market. Active investors aim to buy stocks that vastly outperform the market - but in the process, they risk under-performance. Investors in Ashland Inc. (NYSE:ASH) have tasted that bitter downside in the last year, as the share price dropped 31%. That's disappointing when you consider the market returned 14%. At least the damage isn't so bad if you look at the last three years, since the stock is down 1.4% in that time. The falls have accelerated recently, with the share price down 11% in the last three months.
被動投資指數基金是確保自己的回報與整個市場大致相匹配的好方法。活躍的投資者的目標是購買表現大大優於市場的股票,但在此過程中,他們面臨表現不佳的風險。去年,隨着股價下跌31%,亞什蘭公司(紐約證券交易所代碼:ASH)的投資者已經嚐到了這種痛苦的下行空間。考慮到市場回報率爲14%,這真令人失望。如果你看一下過去三年,至少損失還不錯,因爲當時該股下跌了1.4%。最近跌勢加速,股價在過去三個月中下跌了11%。
While the stock has risen 5.5% in the past week but long term shareholders are still in the red, let's see what the fundamentals can tell us.
儘管該股在過去一週上漲了5.5%,但長期股東仍處於虧損狀態,但讓我們看看基本面能告訴我們什麼。
View our latest analysis for Ashland
查看我們對阿什蘭的最新分析
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.
儘管市場是一種強大的定價機制,但股價反映的是投資者的情緒,而不僅僅是基本的業務表現。考慮市場對公司的看法如何變化的一種不完美但簡單的方法是將每股收益(EPS)的變化與股價變動進行比較。
During the unfortunate twelve months during which the Ashland share price fell, it actually saw its earnings per share (EPS) improve by 62%. It could be that the share price was previously over-hyped.
在亞什蘭股價下跌的不幸十二個月中,它的每股收益(EPS)實際上增長了62%。可能是股價此前被過度炒作。
It's fair to say that the share price does not seem to be reflecting the EPS growth. So it's easy to justify a look at some other metrics.
可以公平地說,股價似乎並未反映每股收益的增長。因此,很容易證明看看其他一些指標是合理的。
Revenue was pretty flat on last year, which isn't too bad. However, it is certainly possible the market was expecting an uptick in revenue, and that the share price fall reflects that disappointment.
收入與去年持平,還不錯。但是,市場肯定有可能預期收入將增加,而股價的下跌反映了這種失望。
The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).
下圖描繪了收入和收入隨着時間的推移而發生的變化(點擊圖片顯示確切的數值)。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231117/0-af3e560a1f7a68f84f99910ae4572cb2-0-3d54489094bd790edc800367d248ef0b.png/big)
It is of course excellent to see how Ashland has grown profits over the years, but the future is more important for shareholders. It might be well worthwhile taking a look at our free report on how its financial position has changed over time.
當然,很高興看到亞什蘭多年來如何增加利潤,但未來對股東來說更爲重要。可能值得一看我們關於其財務狀況如何隨着時間的推移而變化的免費報告。
A Different Perspective
不同的視角
Ashland shareholders are down 30% for the year (even including dividends), but the market itself is up 14%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. On the bright side, long term shareholders have made money, with a gain of 0.3% per year over half a decade. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Take risks, for example - Ashland has 1 warning sign we think you should be aware of.
亞什蘭股東今年下跌了30%(甚至包括股息),但市場本身上漲了14%。即使是優質股票的股價有時也會下跌,但我們希望在過於感興趣之前看到企業基本指標的改善。好的一面是,長期股東賺了錢,在過去的五年中,每年增長0.3%。最近的拋售可能是一個機會,因此可能值得查看基本面數據以尋找長期增長趨勢的跡象。儘管市場狀況可能對股價產生的不同影響值得考慮,但還有其他因素更爲重要。例如,冒險吧——亞什蘭有 1 個警告信號,我們認爲你應該注意。
But note: Ashland may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast).
但請注意:亞什蘭可能不是最值得購買的股票。因此,來看看這份過去盈利增長(以及進一步增長預測)的有趣公司的免費清單。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.
請注意,本文引用的市場回報反映了目前在美國交易所交易的股票的市場加權平均回報率。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St 的這篇文章本質上是籠統的。我們僅使用公正的方法提供基於歷史數據和分析師預測的評論,我們的文章並非旨在提供財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不會考慮最新的價格敏感型公司公告或定性材料。華爾街只是沒有持有上述任何股票的頭寸。